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|Headquarters||Palo Alto, California, US|
Adaptive Insights, Inc., formerly Adaptive Planning, Inc., is a privately held software as a service company headquartered in Palo Alto, California. The online software allows users to replace multiple spreadsheets with an integrated system that can consolidate data. The company was founded in 2003 and says that it has 2,000 clients.
In 2003, Robert S. Hull and Richard L. Dellinger co-founded Adaptive Planning to market enterprise budgeting, forecasting, and reporting software as an alternative to spreadsheet-based planning or larger, on-premises software. Adaptive Planning was an early user of the SaaS model for business intelligence and corporate performance management. The company was funded in late 2003 and incorporated in Delaware as Visus Technology and then shortly later the name was changed to Adaptive Planning. It was incubated at Onset Ventures in Menlo Park, California. By October 2013 Adaptive Planning held a fourth round of funding, raising $45 million and adding salesforce.com as a backer.
In February, 2014, Adaptive Planning was renamed Adaptive Insights and released a new version of the software with an updated user interface. Gartner included Adaptive Insights in the Magic Quadrant for Corporate Performance Management (CPM) applications for the first time in 2014. The company entered in Gartner's Visionary quadrant and has remained there in 2015.
Adaptive covers the planning, consolidation, analytics and reporting functions with its suite of tools.
The application is built on a multidimensional database, has an in-browser user interface similar to that of a spreadsheet, and the drag-and-drop characteristics of a web-based consumer application. Adaptive Insights automates consolidations and integration of data from other systems, and foments collaboration and real-time updates via its on-demand SaaS-based model.
Adaptive Insights was ranked #85 (Top 10 in Silicon Valley) on Deloitte's 2011 Technology Fast 500 List of the fastest growing companies in technology in North America.
In 2011, Adaptive Insights was named one of the "Top 40 Vendors to Watch" by Information Management.
In 2009, Adaptive Insights partnered with NetSuite, Inc. resulting in NetSuite reselling Adaptive Planning software as NetSuite Financial Planning.
Adaptive Insights has partners in Europe, Asia, and the Americas.
- "Adaptive Insights Strengthens Executive Team Amid Record Growth". MarketWatch.
- Ben Kepes (11 July 2014). "Adaptive Insights: Powering Tech IPOs To Ever-Better Performance". Forbes.
- http://www.technologyreview.com/business/26929/?p1=BI,Technology Review by MIT,12/29/10
- http://www.information-management.com/photo_gallery/1_12/10020001-1.html,Information Management
- "New Adaptive Insights/McGladrey Partnership Helps Customers Rapidly and Cost-Effectively Achieve Business Goals". MarketWatch.